Labor market
Passaic, NJ labor market: latest employment evidence
A borrower-focused reading of the latest BLS labor-force, employment, unemployment, and rate measures for Passaic, NJ.
Source: U.S. Bureau of Labor Statistics
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
Start with the dated local finding: As of May 2026, Passaic, NJ's unemployment rate rose from 4.7% in April 2026 to 4.8% in May 2026, a change of 0.1 percentage points. That movement may matter when a borrower is pressure-testing timing, reserves, or the documentation needed after a job or income change. It does not show that a particular employer is hiring or cutting jobs, and it does not establish one applicant's income stability, mortgage eligibility, or loan price. For borrower planning, the release also estimates 1,569 people unemployed within a labor force of 32,864, which shows the scale of the movement without turning a city-level statistic into a borrower-level conclusion. Because LAUS values can be revised, keep the May 2026 source period attached to the comparison and verify household records separately.
Over the year ending May 2026, Passaic, NJ's unemployment rate fell from 5.8% in May 2025 to 4.8%, a change of 1.0 percentage points.